SOL breaks through the $180 mark

The current BTC price is above the EMA24/52 moving average, with an upward trend in the medium to long term. However, the distribution of chips shows that the current price range is sparse, suggesting that the price may fluctuate rapidly. The chips below are concentrated around 97000, with strong support and a low probability of falling below in the short term. Combined with the recent increase in trading volume activity, the market is brewing a new round of direction choices. The KDJ indicator is converging, and RSI has entered the overbought zone. There may be short-term adjustment demand, but the support signals for chip distribution are more clear. Open a membership, obtain real-time data on chip distribution, accurately grasp support and breakthrough points, and quickly lock in profit opportunities! The data is sourced from the PRO member's [BTC/USDT Binance USDT perpetual 2-hour] candlestick, for reference only, and does not constitute any investment advice.

The price of Binance TRX/USDT has reached a new high in nearly three months, now reported at $0.2673, up 1.44% in 24 hours, with a turnover of $164 million. After reaching a new high in price, there is a high probability of a price correction. (AiCoin Research Institute)

According to BlockBeats, on May 11th, the giant whale 0xF07... 0f19E proposed 2281 ETH worth 5.83 million US dollars from Binance 20 minutes ago, with a proposed price of 2556 US dollars. In addition, the whale is also an active participant in Unichain, having crossed 2356 ETH ($4.19 million) to the network in the past month.

BlockBeats News: On May 11th, according to official sources, SEC Chairman Paul Atkins will give a keynote speech on asset tokenization on May 12th. On that day, the US SEC will hold a roundtable conference on the theme of "Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet. The attendees of the US Securities and Exchange Commission include Chairman Paul S. Atkins, Director of the Crypto Working Group Office Richard B. Gabbert, Commissioner Hester Peirce, and others. Other attendees include Cynthia Lo Bessette (Fidelity), Eun Ah Choi (NASDAQ), Will Geyer (Invesco), and others.

BlockBeats News: On May 11th, according to The Kobeissi Letter analysis, the Federal Reserve's balance sheet decreased by $17 billion last month to $6.7 trillion, the lowest level since April 2020. Since April 2022, the Federal Reserve has reduced its balance sheet by $2.3 trillion, a decrease of 25%. This accounts for approximately 48% of the $4.8 trillion purchased by the Federal Reserve during the post pandemic response period. The Federal Reserve currently holds $4.2 trillion of treasury bond and $2.2 trillion of mortgage-backed securities (MBS). In March, the Federal Reserve announced that it would slow down the average pace of quantitative tightening (QT) from $60 billion per month to $40 billion. This indicates that the pace of the Federal Reserve's balance sheet reduction is slowing down.